UOB Quek Ser Leang and Lee Sue Ann: EUR/USD closed 1.1677, +0.89%, a three-month high. Room toward 1.1725. 24-hour 1.1635/1.1700. Support 1.1600. Bank note, not a news recut.
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann write there is room in EUR/USD toward 1.1725. That is the FXStreet reprint of the bank note. It is UOB’s call. It is not a news recut.
Yesterday, they write, the euro surged 0.89% and closed at a three-month high of 1.1677. The pair cleared 1.1615 and rallied to 1.1679 before that close. They will keep the positive view as long as it stays above 1.1600.
The 24-hour view is tighter. Strong momentum, they write, still leaves scope for the rally to extend. Any advance could stay inside 1.1635 to 1.1700. A sustained rise above 1.1700 is unlikely on that window.
| Horizon | UOB line |
|---|---|
| Yesterday’s close | 1.1677, +0.89%, three-month high |
| 24-hour range | 1.1635 / 1.1700 |
| 1-3 week room | 1.1725 |
| Strong support | 1.1600 |
The tape is now through that 24-hour cap: EUR/USD trades right above 1.1700. The Treasury size lift is already live. Live euro is on prices.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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